What do you think GBPJPY After a crazy aggressive move to the downside we need a breather. We are currently at 50% retracment of the bullish run we’ve had. A breather to the upside would be a lower high. I’m looking at a 700 point move from 164. To 157. Long term swing
I think it can come down to the bottom of the range (around red circle) furthest I see it going down for now is end of white arrow
GEPPY trade idea. Long. Inversed Head and Shoulder pattern. Possible uptrend.
Possible reversal to 61% fib level starting tomorrow or possibly next week. The Geppy has been hitting the bottom for a week making pin bar candle which translates possible uptrend coming soon. Bearish psychology has been denied, possible uptrend soon.
As predicted, GBPJPY is slowly creeping towards my Take Profit which is at the previous high level 148.000. When price reaches this level, I will bank the remaining portion of my position and look for signs of supply for a short setup. This setup will take place in the form of a bearish structure formation and I will enter the short upon confirmation of the...